Portugal Jan Current Account Balance improves to €-0.014B vs €-2.557B (Feb)

Mar 21, 2013

Forex: GBP/USD working on the 1.5200 handle

After a first spike high to 1.5200 area on better retail sales than expected, the GBP/USD is now back to the psychological level with a more sustained approach, up by +0.70% on the day. UK CBI industrial orders fell from -14 to -15, but came in better than the expected -17. UK PSNB rose from £-10.263B to £4.356B in February, but was much less than the expected £8.250B.

New BoJ head hopes to reach 2% inflation target in two years

Haruhiko Kuroda held his first press conference as BoJ Governor in Tokyo today, during which he elaborated on the central bank’s prospective monetary policy framework.